SPR Auto Technologies Fund Raise of ₹1,000 Cr
SPR Auto Technologies is raising up to ₹1,000 Crore via a Qualified Institutions Placement (QIP). The board has approved the floor price and preliminary placement document.
- Value
- ₹1,000 Cr
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SPR Auto Technologies is raising up to ₹1,000 Crore via a Qualified Institutions Placement (QIP). The board has approved the floor price and preliminary placement document.
SPR Auto Technologies confirmed the full utilization of ₹1,000 Crore raised via NCDs. The funds were deployed without any deviations from the original issue objects.
SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has scheduled a Board meeting on May 11, 2026, to consider fund-raising proposals. The Company aims to raise capital through modes including qualified institutions placement, rights issues, or preferential issues. Trading window for designated persons remains closed until May 13, 2026.